Latest news with #optimization
Associated Press
2 days ago
- Business
- Associated Press
D-Wave's Advantage2 Sparks Quantum Revolution Across Industries
06/18/2025, Denver, CO // KISS PR Brand Story PressWire // D-Wave Quantum Inc., a global leader in quantum computing, launched its groundbreaking Advantage2 quantum computing system on Saturday, ushering in a new era of computational power. Billed as the company's most advanced platform to date, Advantage2 is poised to redefine problem-solving across multiple sectors, from logistics to finance, by leveraging quantum annealing technology to deliver unmatched speed and precision. The Advantage2 system features enhanced qubit connectivity and extended coherence times, enabling it to tackle complex optimization challenges with unprecedented efficiency. As the system becomes commercially available, a surge of quantum-driven applications is expected to transform industries by processing vast datasets and delivering real-time solutions previously deemed impossible. Transforming Logistics: Streamlining Global Supply Chains In the logistics sector, Advantage2 promises to revolutionize supply chain management. By optimizing routing, inventory allocation, and delivery schedules in real time, the system can minimize costs and reduce carbon footprints for global shipping giants. Companies can use it to dynamically adjust their logistics networks to respond to disruptions such as weather events or port delays, ensuring seamless operations. Dr. Elena Martinez, a supply chain optimization expert and director of the Logistics Innovation Lab at MIT, commented: 'D-Wave's Advantage2 could be a game-changer for logistics. Its ability to process complex, real-time data sets allows for dynamic route optimization that classical systems struggle to match. This could lead to a 10-20% reduction in delivery costs and emissions, setting a new standard for sustainable logistics.' Advancing Healthcare: Accelerating Drug Discovery and Care In the medical field, the system's computational prowess is set to accelerate drug discovery and personalized medicine. Advantage2 can analyze molecular interactions at an unprecedented scale, enabling researchers to identify promising drug candidates faster and with greater accuracy. Hospitals may also leverage the system to optimize resource allocation, such as scheduling surgeries or managing patient care, improving outcomes and efficiency. Dr. Sanjay Patel, chief scientist at the Quantum Healthcare Research Institute in San Francisco, remarked: 'The Advantage2 system's ability to simulate complex molecular interactions could cut drug discovery timelines by years. For hospitals, its optimization capabilities mean better patient care through smarter resource management. This is a critical step toward quantum-powered precision medicine.' Revolutionizing Finance: Quantum engine Redefining High-Frequency Trading In the financial sector, Advantage2 is poised to reshape high-frequency intraday trading in stock markets. Its capacity to process millions of market variables simultaneously enables rapid identification of profitable trading opportunities, minimizing latency and enhancing returns. Quantum algorithms could provide firms with a competitive edge, while also optimizing portfolio management and risk assessment, offering financial institutions a powerful tool for navigating complex markets. Nicole Wilson, a quantum finance strategist and QX Chief Operating Officer, stated: 'Advantage2's quantum algorithms could redefine high-frequency trading by processing market data at speeds unattainable by classical systems. This could enhance trading efficiency.' 'Advantage2 is not just a technological leap; it's a catalyst for innovation across the globe,' said Dr. Alan Baratz, CEO of D-Wave Quantum. 'We're empowering industries to solve their toughest challenges with quantum precision.' The launch has sparked widespread enthusiasm, with early adopters—including global banks, pharmaceutical companies, and logistics providers—already exploring Advantage2's capabilities. Available through D-Wave's Leap quantum cloud platform, the system ensures accessibility for developers and enterprises worldwide, democratizing access to quantum technology. As the United States doubles down on quantum innovation, Advantage2 cements D-Wave's role as a frontrunner in the race to practical quantum computing. The system's debut signals a transformative shift, with profound implications for global industries and technological progress. Company: Quantum X Global Capital LLC Contact person: George E-mail: [email protected] Website: Telephone: +1 7206088062 City: Denver
Yahoo
4 days ago
- Business
- Yahoo
INFORM's GroundStar (GS) TeamWork: More Efficiency with Decentralized Task Allocation
Mobile app enables quicker decision making INFORM's GroundStar (GS) TeamWork AACHEN, Germany and ATLANTA, June 17, 2025 (GLOBE NEWSWIRE) -- INFORM, a leading global software provider specializing in AI-driven optimization solutions for aviation ground operations, introduces GroundStar (GS) TeamWork. This powerful new tool for airlines and ground handlers supports their frontline managers on smaller operations or hubs by making task allocation on the apron or in the terminal quicker and more efficient, relieving the central allocators. GS TeamWork, the latest tool of the GroundStar software suite, offers a task-based overview of current and upcoming flights, staff deployment, overall capacity utilization and break planning. This applies for multiple business areas on the apron or the terminal, such as aircraft loading or gate services. The mobile-first web app allows frontline managers to plan and assign tasks for all staff members on duty in their area through a mobile interface. Instead of performing the task allocation manually on paper or spreadsheets, the local frontline managers can efficiently assign tasks, adapt to changes, and optimize resource utilization. Operational problems like overlapping deployment times or agents who have not been informed can now be solved or even avoided easily by earlier recognition and quicker reaction. In the event of a disruption, GS TeamWork's user-friendly interface allows for easy adjustments to be made, either manually or through its quick, data-driven decision support, which offers optimized solutions for passenger services as well as ramp operations. Employees receive updates in the app instantly, including key details on delays or changes that may affect them. "GS TeamWork delivers a shortcut in ground operations communication. At larger airports, we can allow the central allocation to concentrate on cross-utilizing staff between work areas where necessary, leaving the actual task allocation to the frontline managers who have the best overview and judgment on current tasks in their area," said Michael Reinkober, INFORM product manager. Leveraging real-time data and proactive suggestions, the frontline managers can mitigate disruptions more quickly. Subsequently, costly delays are reduced, and more efficient and reliable ground operations are assured. About INFORMINFORM develops software to optimize business processes using artificial intelligence (AI) and advanced mathematics of operations research. Founded in 1969 and headquartered in Aachen, Germany, the company promotes sustainable value creation in various industries through optimized decision-making. Its solutions are tailored to specific industry requirements by software engineers, data analysts and consultants and help over 1,000 current customers worldwide to operate more resiliently and sustainably with greater success. INFORM's systems serve a range of industries including aviation, automotive, financial institutions, logistics, manufacturing, transportation, telecommunications, and wholesale. The company is committed to ethical AI practices, sustainable customer relations and is increasingly focusing on cloud-based solutions. About GroundStarWith GroundStar, INFORM offers the most comprehensive software suite for the optimization of aviation processes currently on the market. It fulfills all requirements of the companies involved in airline and airport operations and covers a wide range of solutions, such as Ground Handling, Aircraft Engineering, Airport Operations, and Hub and Turnaround Management. GroundStar helps customers to run their operations smoothly and cost-effectively while improving punctuality and passenger satisfaction at the same time. INFORM has been developing scientifically substantiated optimization algorithms for this purpose. As a global leader with over 200 installations in more than 170 airports worldwide INFORM has proven its effective and long-term capacity for innovation. Press ContactsAlexander Jatscha-ZeltTel.: +49 (0) 151-17159-505Sabine WalterTel.: +49 (0) 2408-9456-1233Corporate CommunicationsE-Mail: pressoffice@ About GroundStarAviationSandra GaviriaPhone: +49 (0)2408 9456 3024Mail: US Press ContactTel.: +1-617-536-8887Dawn FontaineRipple Effect PR Specialist for INFORME-Mail: dawn@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
4 days ago
- Business
- National Post
Gurobi Launches Innovation Lab to Drive Cross-Disciplinary Breakthroughs
Article content New initiative expands external collaboration and accelerates innovation in mathematical optimization. Article content BEAVERTON, Ore. — Gurobi Optimization, LLC, the leader in decision intelligence technology, today announced the launch of the Gurobi Innovation Lab —a strategic initiative designed to promote high-impact, cross-disciplinary innovation in collaboration with customers, academic institutions, strategic partners, and Gurobi experts. Article content Supporting Gurobi's mission to solve the world's most complex challenges through optimization, the Gurobi Innovation Lab creates a dynamic environment for exploring new ideas, rapidly prototyping solutions, and driving breakthroughs that transcend traditional boundaries. Article content 'As an innovation-obsessed organization, the Gurobi Innovation Lab reflects our belief that the best ideas don't live in silos,' said Duke Perrucci, CEO of Gurobi Optimization. 'By encouraging collaboration across disciplines and welcoming input from our academic and industry partners, we're creating a space where innovation can thrive and where bold ideas can lead to real-world impact.' Article content Objectives of the Gurobi Innovation Lab include: Article content Accelerate Idea Exploration: Provide the structure and support to rapidly test, refine, and scale promising concepts. Enable External and Internal Collaboration: Build deeper partnerships with academic institutions, research centers, and strategic third parties to co-develop forward-looking projects. Foster Cross-Disciplinary Innovation: Solve high-value challenges through joint efforts that integrate technology, research, and real-world applications. Inspire Industry Impact: Translate innovative thinking into practical outcomes that benefit customers and the broader optimization community. Article content Projects within the Gurobi Innovation Lab may include: Article content The Gurobi Innovation Lab will actively identify and incubate opportunities in partnership with both external and internal stakeholders. Whether through co-development of optimization solutions, joint academic studies, or thought leadership efforts, the Gurobi Innovation Lab aims to drive outcomes that extend beyond software, delivering tangible value across industries. This will accelerate the development of groundbreaking initiatives, building on successes like the Burrito Optimization Game and Gurobi AI Modeling. Article content For more information about the Gurobi Innovation Lab or to explore collaboration opportunities, please visit Article content About Gurobi Optimization Article content With Gurobi's decision intelligence technology, customers can make optimal business decisions in seconds. From workforce scheduling and portfolio optimization to supply chain design and everything in between, Gurobi identifies the optimal solution, out of trillions of possibilities. Article content As the leader in decision intelligence, Gurobi delivers easy-to-integrate, full-featured software and best-in-class support, with an industry-leading 98% customer satisfaction rating. Article content Article content Article content Article content Article content Contacts Article content
Yahoo
4 days ago
- Business
- Yahoo
UPDATE -- Kaleris and Port of Tanjung Pelepas Recognized for Advanced Optimization With 2025 Top Supply Chain Projects Award
Award highlights projects that innovate, automate, and optimize the supply chain ATLANTA, June 16, 2025 (GLOBE NEWSWIRE) -- Kaleris, a leading provider of supply chain execution software, and Port of Tanjung Pelepas (PTP), Malaysia's largest transshipment hub, have been recognized with the 2025 Top Supply Chain Projects Award. Presented by Supply & Demand Chain Executive, the only publication covering the entire global supply chain, and Food Logistics, the only publication exclusively dedicated to covering the movement of product through the global cold food supply chain, this recognition celebrates projects that drive measurable results in supply chain innovation, automation and optimization. 'Many of today's supply chain companies are tasked with providing the utmost visibility. Whether it's tracking reverse logistics, implementing financial software, or upgrading sourcing solutions, collaborations and partnerships are what make supply chain projects a success. That's why it's important to celebrate those projects (and partnerships),' says Marina Mayer, editor-in-chief of Food Logistics and Supply & Demand Chain Executive and co-founder of the Women in Supply Chain Forum. The award specifically recognizes the successful launch of Kaleris' Terminal Truck Optimization (TT-O) at Port of Tanjung Pelepas. One of the newest modules in Kaleris' Advanced Optimization solutions portfolio, TT-O has already delivered strong results for PTP, an early adopter of the program. By enabling PTP's Operations team to redefine scheduling and dispatch workflows for terminal tractors, TT-O has driven greater efficiency across the terminal and achieved significant operational improvements, showcasing both the strength of the solution and how effectively PTP is leveraging it. Using automated logic designed to plan truck movements across multiple yard zones strategically, drivers received job assignments 44% faster, reducing overall truck cycle times by 13%. PTP's skilled workforce leveraged these gains to set a new record for quayside moves, achieving 14,914 moves in a 12-hour shift and 1,420 moves in a single hour during that shift. 'Receiving the 2025 Top Supply Chain Projects Award is a proud moment for our team,' said Mark Hardiman, CEO at PTP. 'Joe Schofield, PTP's COO, has led the development of TT-O in collaboration with Kaleris, resulting in significant efficiency gains for PTP. This partnership builds on our long history of collaboration with Kaleris, which has delivered innovations such as RTG Optimization, Lashing/Pinning Apps, and more, enhancing terminal efficiency, safety and service stability. The deployment of TT-O has already demonstrated measurable improvements, including reduced truck deployment, fuel savings, improved cycle times, and increased laden travel. This success showcases the impact of bringing together our talented staff and the Kaleris team to drive the industry forward.' 'This recognition highlights the significant strides we've made in optimizing terminal operations through cutting-edge technology. TT-O has enabled us to set new performance benchmarks, and we're excited about what's ahead as we continue to innovate alongside Kaleris,' he added. Within two months of deploying the TT-O solution, Port of Tanjung Pelepas achieved remarkable key performance metrics, including: 14% improvement in truck productivity 20% increase in laden truck travel 20% reduction in quay crane waiting time 11% reduction in truck deployment 7% reduction in fuel consumption 'This award is a testament to what can be achieved through meaningful collaboration,' said Kirk Knauff, CEO of Kaleris. 'The deployment of Terminal Truck Optimization at PTP showcases how innovative technology and a skilled workforce can drive measurable results while setting new standards for operational excellence. We are proud to support PTP's success as they continue to lead by example in optimizing the global supply chain.' The 2025 Top Supply Chain Projects Award reflects Kaleris and PTP's dedication to implementing innovative solutions that generate industry-wide competitive advantages. Together, they continue to lead the charge in automation and advanced optimization, helping build a more resilient global economy for the future. For more information about Kaleris and its terminal operating systems, visit Kaleris at stand I52 at TOC Europe or Learn more about the 2025 Top Projects Award at About KalerisKaleris is a global software company dedicated to solving the world's most difficult supply chain transportation challenges. Trusted by over 650 companies across 92 countries, we provide mission-critical software for yard and transportation management, terminal operations, and ocean shipping. By building a more connected, visible, sustainable, and reliable global logistics ecosystem, we bridge the data and operational gaps that create inefficiencies and empower our customers to achieve their goals. For more information, visit About PTP Port of Tanjung Pelepas (PTP) is Malaysia's busiest transshipment hub with the capacity to handle 14 million twenty-foot equivalent units (TEUs) annually. The port delivers reliable, efficient, and advanced services to major shipping lines and box operators, providing shippers in Malaysia and abroad extensive connectivity to the global market. PTP is a joint venture between MMC Corporation Berhad (70%), a leading utilities and infrastructure group and APM Terminals (30%), a premier global ports group with facilities in 64 key locations around the globe. About Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more. Supply & Demand Chain Executive and sister publication Food Logistics also operate SCN Summit and Women in Supply Chain Forum. Go to to learn more. About Food Logistics reaches more than 26,000 supply chain executives in the global food and beverage industries, including executives in the food sector (growers, producers, manufacturers, wholesalers and grocers) and the logistics section (transportation, warehousing, distribution, software and technology) who share a mutual interest in the operations and business aspects of the global cold food supply chain. Food Logistics also operates SCN Summit and Women in Supply Chain Forum. Go to to learn more. CONTACT: Media Contact for Kaleris: Suzy Swindle, Media Contact for PTP: Dr. Wilson Lee Gain Loon, in to access your portfolio
Associated Press
5 days ago
- Business
- Associated Press
SnapFulfil Honored as Winner of 2025 Top Supply Chain Projects Award
SnapFulfil wins 2025 Top Supply Chain Projects award for optimizing warehouse performance through scalable WMS and seamless ERP integration. 'Collaboration is key to supply chain success, and it's important to celebrate the projects and partnerships that drive visibility, efficiency, and innovation.'— Editor-in-Chief of Food Logistics and Supply & Demand Chain Executive CHICAGO, IL, UNITED STATES, June 16, 2025 / / -- SnapFulfil, a leading advanced warehouse management system (WMS), has been named a recipient of the prestigious 2025 Top Supply Chain Projects award by Supply & Demand Chain Executive and Food Logistics. The award celebrates innovative projects that significantly automate, optimize, streamline, and enhance supply chain performance. SnapFulfil earned this recognition for its transformative collaboration with Troy Lee Designs (TLD), a renowned action sports apparel and custom paint company. SnapFulfil helps companies address growth challenges by providing a scalable warehouse management system that enhances efficiency, optimizes inventory processes, and facilitates seamless integration with existing ERP systems, enabling smoother operations and global scalability. 'Many of today's supply chain companies are tasked with providing the utmost in visibility. Whether it's tracking reverse logistics, implementing financial software or upgrading sourcing solutions, collaborations and partnerships are what make supply chain projects a success. That's why it's important to celebrate those projects (and partnerships),' says Marina Mayer, editor-in-chief of Food Logistics and Supply & Demand Chain Executive and co-founder of the Women in Supply Chain Forum. The successful SnapFulfil and TLD project led to remarkable operational efficiencies, including a dramatic reduction in pallet putaway time—from 30-45 minutes to just 5-10 minutes per unit—and improved warehouse productivity that enabled a transition from extended six-day working weeks to a standard five-day, eight-hour schedule. The seamless integration with NetSuite ERP eliminated costly modifications and empowered TLD to scale efficiently into new global markets. 'We're honored to receive this prestigious recognition, which underscores the collaborative effort and commitment of both SnapFulfil and Troy Lee Designs to achieve exceptional supply chain performance,' said Brian Kirst, Chief Commercial Officer, SnapFulfil. 'This project exemplifies the transformative power of strategic partnerships and cutting-edge technology in optimizing warehouse operations and driving growth.' To view the full list of winners, visit this page. Gitte Willemsens Pesti Group +32 489 36 22 31 email us here Visit us on social media: LinkedIn Facebook YouTube X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
